IDFC Self Employed Personal Loan

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Kirti Bansal

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Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Elevate your financial journey with IDFC First Bank’s Lakh Personal Loan, specially tailored for self-employed individuals. Experience the convenience of applying online, unravelling the intricacies of IDFC First Bank self-employed personal details. This seamless process in IDFC First Bank self-employed personal loan online application ensures a hassle-free application for self-employed individuals, allowing them to take control of their financial goals. IDFC First Bank self-employed personal loan apply confidently and embark on a path of financial empowerment.

IDFC First Bank Lakh Personal Loan for Self Employed – Highlights

Here is a quick snapshot of IDFC First Bank self-employed personal loan:

Maximum Amount	1 Cr.
IDFC First Bank Self Employed Personal Loan Interest	Starting at 10.75% p.a.
Type of Interest Rate	Floating
Loan Tenure	Varies between 12 and 84 months
Collateral Requirement	NIL

Compare Lakh Self Employed Loan From Other Bank

Take a look at the comparison between IDFC First Bank self-employed personal loan interest and other leading banks and NBFCs.

Lender	Rate of Interest (p.a.)	Maximum Loan Tenure
Tata Capital	10.99% – 24%	Up to 7 years
Yes Bank	10.99% – 24%	Up to 6 years
Induslnd Bank	10.5% – 22%	Up to 5 years
Bajaj Finserv	12.99% – 24%	Up to 5 years

IDFC First Bank Lakh Personal Loan for Self Employed – Fees and Charges

Following are the IDFC First Bank self-employed instant loan fees and charges:

Processing Fee: Rs 4,999/- of the sanctioned loan amount.
GST Applicability: All service charges are subject to GST, providing transparency in fee structure.

IDFC First Bank Lakh Personal Loan for Self Employed – Documents Required

Here’s a quick rundown of the documents that students will need to apply for an IDFC First Bank self-employed personal loan document:

Identity Proof:

Pan Card (IDFC First Bank self-employed personal details for key identification)
Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s Licence

Address Proof:

Aadhaar Card
Valid Indian Passport
Valid Voter ID
Valid Driver’s Licence

Income Proof:

RBI Approved Account Aggregator Process/Bank statement

IDFC First Bank Lakh Personal Loan for Self Employed- Eligibility Criteria

The following are IDFC First Bank self-employed personal loan eligibility criteria:

Monthly Net Take Home (NTH): Minimum of Rs. 20,000.
Minimum applicant Age: 23 years.
Maximum applicant Age: 58 years at loan maturity.
Bank statement requirement: 3 months for eligibility assessment.